A key driver of this frenetic activity has been the cost of feedstock. High gascosts in the traditional production centres of North America and Western Europe ... (thousand tons) Expected GasCost LNG Netback Gas Value Average Global Price Gas Value ... Potential Cash Costs for Projected New Methanol Supply, 2009-2025 Australia West Africa North Africa South America Middle East China (Coal)

costcurve. As a result, it is likely that the market forces of supply and demand ... markets. Table 1: The delivered Cost of US Gas to Europe and Asia at various US Gas ... the attraction of US gas to Asian and European buyers will decrease. In a October 2012 OIES

The chart below shows estimated costs of European shale gas production versus other new ...gas extraction in improving ﬂow rates from poorly performing conventional gas ... from a conventional gas well from 0.5mcf/d to 30mcf/d. This could improve the economics

’s royalty Source: OME; 2001 6 - SupplycostcurvesEU-15 As can be seen in the diagrams ... from North Africa for a supplycost below 1.7 $/MBTU; - some additional 120 bcm are potentially available by 2020 (73 bcm by 2010) for a supplycost below 2.3 $/MBTU